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Discussion Paper

Measuring the Natural Rate of Interest: The Role of Inflation Expectations


Abstract: The "natural" or equilibrium real rate of interest is an important concept in macroeconomics. On the one hand, the natural (real) rate provides a description of the real interest rate path consistent with the eventual full capacity of utilization of available resources in the context of low and stable inflation.

https://doi.org/10.17016/2380-7172.2593

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2020-06-19

Number: 2020-06-19